Have you ever had to go ask the boss to invest cash in the store because the bank had a balance of $50k and todays payoffs are $200k? Maybe you’ve lost money in a new store for several months and you’re chewing through cash fast enough to make your head spin and create some sleepless […]
Why are expenses so mysterious? Why don’t they show up as expected? Why do managers assume on the 20th that all their expenses besides payroll are on the DOC? i hear the same compliant over and over- I can’t predict what my expenses are going to be, I always ask why do you think they […]
12th of the Month Post standard entries for the Month Post Prepaid Expense for Month Second to the last Business Day of Month Review all A/P to be sure postings are caught up Review A/P schedule to be sure vendors have been paid. Review Schedules for Inventories to ensure all stray balances are cleaned up […]
When is the financial statement going to be ready??? I see it every month end, Controllers missing deadlines, stressed out, barely able to get the financial statement and expense analysis completed. Bowing to the demands of the quick close they barely review any of the underlying data before declaring they have the financial statement ready […]
There are many reasons to build a month end template. Obviously, to keep organized. Second, don’t forget anything. Third, be able to keep progress flowing. Last, let others in your office, who may be posting entries, work in unison with you. Okay, so those are the OBVIOUS reasons, but why you ask yourself? I’m sure […]
“I can’t trust my staff”, I hear it all the time. A controller who is frustrated, once again has found that the schedules are a mess; that accounts receivable haven’t been collected or processes that were put in place are now not being followed. It’s almost a cliché’. Controller after controller laments the fact that […]
I was talking to one of my colleagues a couple of days ago (on 10th of the Month) and he sounded frustrated. I asked him what was up and he said to me “well, End of the Month starts today and my controllers haven’t fixed anything…” Of course, my first reaction was “End of Month […]
October 11, 2025 
